Russian ISP to invest $50M in WiMax

Russia's Prestige-Internet, which uses the Enforta brand name, said it will invest over $50 million in building WiMax networks in 28 cities across the country. The company expects the networks to be completed in two years. The company already has two WiMax networks in the country and plans to launch them in 12 more by mid-year. The company plans to build the networks itself but may consider buying existing networks.

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